SRILANKA TODAY

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Wednesday, November 19, 2008

Central Bank forfeits Rs. 71 million from TRO accounts The Central Bank has taken steps to seize the funds held by the Tamil Rehabilitation Organi

Central Bank forfeits Rs. 71 million from TRO accounts




The Central Bank has taken steps to seize the funds held by the Tamil Rehabilitation Organization (TRO), widely known as a fund-raising arm of the LTTE and banned for this reason in several countries.

The Bank said a sum of 71 million rupees of TRO money has been thus forfeited by the state.

The Central Bank of Sri Lanka has commenced special inquiries on another twenty illegal financial institutes currently running in the country.